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Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

By Daily Mail Reporter
Last updated at 4:03 PM on 23rd December 2010

Chinese Premier Wen Jiabao offered to buy Greek bonds in October and the country has also agreed to buy out Portuguese debt
China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.

In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.

The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.

Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

By Daily Mail Reporter
Last updated at 4:03 PM on 23rd December 2010

Chinese Premier Wen Jiabao offered to buy Greek bonds in October and the country has also agreed to buy out Portuguese debt
China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.

In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.

The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.